facebook
twitter
rss
account
search
search
 

U.N. awards $1B in compensation to Kuwait for 1990 invasion losses

July 25, 2013 at 3:42 PM   |   Comments

GENEVA, Switzerland, July 25 (UPI) -- Kuwait was awarded more than $1 billion in compensation Thursday for damages caused by Iraq's 1990 invasion, a United Nations panel announced.

The money was awarded on behalf of the Kuwait Petroleum Corp., from a fund generated by a percentage of the proceeds from export sales of Iraqi petroleum and petroleum products, the U.N. Compensation Commission said in a statement.

The commission said it has now paid out $42.3 billion in compensation from the fund.

The U.N. panel has paid compensation to 1.5 million claimants from nearly 3 million claims submitted by about 100 governments since it was established in 1991.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Texas driver allegedly kills girlfriend while in middle of a sex act Texas driver allegedly kills girlfriend while in middle of a sex act
2
John Wayne Gacy room at Rob Zombie's haunted house angers victims John Wayne Gacy room at Rob Zombie's haunted house angers victims
3
Pakistani leader intimately connected to IS Pakistani leader intimately connected to IS
4
Boston Herald apologizes for 'racist' Obama cartoon Boston Herald apologizes for 'racist' Obama cartoon
5
Korean NGOs call for social consensus on unification issue
Trending News
x
Feedback